Hyde Park Commercial Group closes a 5.8MM commercial real estate loan for the refinance and renovation of a 143 room hotel in Rochester, Minnesota.

(PRWEB) April 29, 2013

Hyde Park Commercial Group, a Cincinnati based advisory firm, is pleased to announce the closing of a $5,800,000 loan for a 143 room hotel in Rochester, Minnesota. The loan was arranged through a specialty lender, and allowed the ownership, Bayridge Properties International, loan proceeds to conduct a substantial renovation for their planned conversion of the property from an America’s Best Value to a Wyndham Garden Inn.

Bayridge Properties International is an owner, sponsor, and manager of a diverse hotel and commercial real estate portfolio. BPI has over 75 years of combined experience in hospitality and commercial real estate. The funding of this transaction provides the capital for a significant remodel of the hotel as the hotel converts to an upgraded Wyndham Garden Inn.